Section 45-25-15.2 - Section 8 performance-based contract administration program(b) Notwithstanding any other provision of law, no other person, public housing authority, or public housing agency, domestic or foreign, shall be authorized to administer allocations of money under 42 U.S.C.A. § 1437f, or other federal statute authorizing project-based rental subsidies under an annual contributions contract for the benefit of persons of low- or moderate-income, on a statewide basis within this state, or on a regional basis that includes this state, except: (1) The Rhode Island housing and mortgage finance corporation;(2) A person authorized to administer such allocations pursuant to an agreement with the Rhode Island housing and mortgage finance corporation; or(3) An organization, of which the Rhode Island housing and mortgage finance corporation is a promoter, member, associate, owner, partner, manager, or other joint venturer, that is authorized by a federal agency to administer such allocations in this state.(c) In addition to the powers granted by this chapter and chapter 55 of title 42, the Rhode Island housing and mortgage finance corporation shall have all the powers necessary or convenient for the administration of federal monies pursuant to subsection (b) of this section, including the power:(1) To enter into one or more agreements for the administration of federal monies on a statewide basis;(2) To be a promoter, partner, member, associate, owner, partner, manager, or other joint venturer of any partnership, limited liability company, joint venture, association, trust, or other organization;(3) To conduct its activities, locate offices, and exercise the powers granted by this title within or outside this state, in compliance with all applicable laws;(4) To carry on a business in the furtherance of its purposes; and(5) To do all things necessary or convenient, consistent with law, to further the activities and affairs of the Rhode Island housing and mortgage finance corporation.R.I. Gen. Laws § 45-25-15.2
Added by 2024 Pub. Laws, ch. 310,§ 1, eff. 6/25/2024.Added by 2024 Pub. Laws, ch. 311,§ 1, eff. 6/25/2024.